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Patel Engineering Ltd
BSE Code 531120 ISIN Demat INE244B01030 Book Value (₹) 39.16 NSE Symbol PATELENG Div & Yield % 0 Market Cap ( Cr.) 4,993.70 P/E * 22.57 EPS * 2.86 Face Value (₹) 1
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Patel Engineering JV receives LoA of Rs 525.36 cr from Govt. of Telangana Back
(02 Mar 2024)
Patel Engineering (PEL), in collaboration with its joint venture partner, has been awarded the Letter of Acceptance (LOA) by the Irrigation & CAD Department, Government of Telangana for a contract valued at Rs. 525.36 crore.

This contract entails the construction of a Reinforced Cement Concrete (RCC) Protection Wall of 8.5 km each along both the right and left flanks of the Munneru River, stretching from Polepally to Prakashnagar in the city of Khammam, located in Khammam District.

Additionally, the contract includes the construction of embankments of 2 kilometers each on either side of the River Munneru near the Nagarjuna Sagar Left Bank Aqueduct in Khammam City, further emphasizing the project's comprehensive approach to enhancing the area's irrigation infrastructure and water management systems.